Agro-forestry and fishery exports hit US$32.6 billion over 10 month span
A closer look at the figure shows that exports of main agricultural products increased slightly by 2.3% to US$16.4 billion, seafood products went up 6.2% to US$7.24 billion, livestock products up 9.5% to US$0.46 billion and forestry products rose by 16.3% to US$7.6 billion.
Vietnam shipped a total of 264,000 tons of rice abroad in October, bringing the rice export volume in 10 months to 5.2 million tons worth US$2.6 billion (up 1.7% in volume and 14.1% in value). Many export markets saw high growth such as Indonesia, Iraq, the Philippines and Malaysia.
It is forecast that the price of rice in the domestic market will continue to rise as businesses continue to purchase rice for export orders signed in October.
Despite cassava exports dropping by 9.78% in volume to 1.92 million tons, its value surged by 16.1% to US$739.6 million.
Meanwhile coffee exports resumed its slight growth after suffering a long period of decline. Overall, Vietnam exported 1.57 million tons of coffee in 10 months of 2018 to earn US$2.98 billion. The coffee market, however, is not predicted to rebound over the short term as Vietnam is about to enter the harvest season of Robusta coffee and global output may be abundant.
However, other products such as pepper, rubber and tea have not made any breakthrough in exports. For example, pepper exports fell 33.4% to US$676 million, rubber exports went down by 7.3% to US$1.66 billion and tea dropped by 7.7% to US$171 million.
Fruit and vegetable exports grew 15.5% to US$3.3 billion in the first 10 months of 2018 and are likely to fulfil the target of US$4 billion set for this year.
Agrotrade reported that agri-forestry and fishery imports are estimated to be at US$2.4 billion in October and US$25.72 billion 10 months, up 11.1%.
Related News
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Vietnam's exports to Canada lead among CPTPP countries
09:41 | 25/04/2024 Headlines
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Rubber exports are flourishing, promising potential
17:51 | 20/04/2024 Import-Export
Latest News
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
Solutions for maintaining Vietnam's position as a bright spot for foreign direct investment
15:36 | 02/05/2024 Import-Export
FDI disbursement in January-April period reaches five-year record
19:43 | 01/05/2024 Import-Export
Binh Duong aims to become logistics hub in southern region
19:41 | 01/05/2024 Import-Export
More News
Digital transformation – optimal choice for Vietnamese garment & textile firms
19:39 | 01/05/2024 Import-Export
Infrastructure development creates momentum for exports to "neighboring" markets
19:36 | 01/05/2024 Import-Export
Seaports increase services to attract goods
19:35 | 01/05/2024 Import-Export
The supporting industrial enterprises transform for sustainable development
08:20 | 01/05/2024 Import-Export
Foreign investment disbursement hits record high in the first four months
13:36 | 30/04/2024 Import-Export
Vietnam textile and garment strives to increase the localization rate
06:46 | 30/04/2024 Import-Export
Central Highlands needs to develop border gate economic zones for higher export
16:41 | 29/04/2024 Import-Export
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports
16:37 | 29/04/2024 Import-Export
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Your care
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
Solutions for maintaining Vietnam's position as a bright spot for foreign direct investment
15:36 | 02/05/2024 Import-Export
FDI disbursement in January-April period reaches five-year record
19:43 | 01/05/2024 Import-Export
Binh Duong aims to become logistics hub in southern region
19:41 | 01/05/2024 Import-Export
Digital transformation – optimal choice for Vietnamese garment & textile firms
19:39 | 01/05/2024 Import-Export